Wells Fargo Adding Bankers, Wealth Management Poaching Heats Up
Here are the main job opportunities of the last week. Tip: Wealth Management Poaching Reaches New Heights Now is the time to make a move in wealth management. Once a new rule is in place – likely next year – wealth managers who accept six- and seven-figure signing bonuses at a new firm will have […]
Cap Rules Pushing Top Bankers to Hedge Funds
Escalating capital requirements may be a thorn in the side of big banks. For hedge funds, they may be a blessing, at least according to Deutsche Bank Chief Financial Officer Stefan Krause. Bulge bracket banks like Deutsche Bank are seeing their top-flight talent defect to hedge funds, which can now offer a higher compensation ceiling […]
Coutts hiring in London, Dubai and Geneva
Michael Dismorr gives every impression of being a globe-trotting banker. He’s from Zimbabwe, and has worked in Switzerland, Sweden, Saudi Arabia, the UK, the US and now Dubai. Had he not turned down a job in New York to stay in Geneva, he would never have made the switch from asset management to private banking. […]
If your brain is as big as a planet, this is the best job in finance
Investment bankers may have to lie about their profession at dinner parties these days, but actuaries have their own problems in social situations. “There are so many jokes about actuaries being introverted, or the job being on the dull side,” said Lynda Whitney, an actuary and partner at Aon Hewitt. The classic: ‘How to you […]
Daily Dispatches: Retail banking and hedge funds drive Indian financial services
Jobs growth in Indian financial services looks set to be fuelled by retail banking as corporate and investment banking face headwinds. Banks in India are focusing on retail credit. The Reserve Bank of India said retail loans rose by 13.5% this February compared with an increase of 12.2% in February 2012. Meanwhile, corporate credit demand […]
Ten Mistakes Rookie Financial Services Recruiters Should Avoid
Succeeding as an entry-level recruiter is no easy task. I know because I was one. Stumbling through confusing terminology while asking all the wrong questions, typically to all the wrong people. Mistakes get made – lots of them. Junior financial services recruiters have a harder time than most. The complexity of the roles, the sophistication of […]
Three questions to ask about the coming bonuses at Nomura
Nomura is one of the last investment banks to announce bonuses - Macquarie and Royal Bank of Canada Capital markets notwithstanding. After reporting strong fourth quarter results today, insiders say that Nomura is due to announce bonuses to employees in the next few weeks. This is what Nomura-bankers and Nomura-watchers need to look out for: 1. Will equity […]
The post-lunch slump is the best time to apply for a new job
It always helps to beat the rush hour, and applying for a new job is no exception. With most recruiters taking just seconds to review each CV, it’s important to send your application when it’s likely to get the most attention. Based on average global application numbers to jobs advertised on eFinancialCareers per hour, the […]
Named: the ex-Dresdner bankers waiting for €500k each from Commerzbank
Following today’s court decision, 23 bankers who previously worked for Dresdner in London are closer to receiving bonuses of more than €500k (£422k) each. Eight of them are due to receive bonuses of €1m or more after Commerzbank lost its attempt to appeal against a previous court decision commanding it to pay the bonuses. The full details of the […]
A Kinder, Gentler Bernanke in a Skirt
Fed chief Ben Bernanke’s plan to skip the central bank’s annual shindig in Jackson Hole, Wyoming, has ramped up speculation about his likely successor. One frontrunner to follow 59-year-old Bernanke: Janet Yellen, the current vice chairman at the Fed. As Bloomberg reports, Yellen’s attitude toward monetary policy is more expansive than most central bankers. Most […]
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